Clarification

A section of the article titled Goodbye Old Economy - Welcome New Economy which appeared in yesterday's The Times Business should have read as follows:

"According to Bloomberg data, as at the time of writing, the average forecast for the $/€ (dollar per euro) exchange rate stood at $1.39 for the second half of 2009 and $1.40 for 2010, thereby signalling no profound divergence, but if we had to delve deeper into the figure we would come across some remarkable insights. The variance between the lowest and highest market forecasts indicates the lack of direction in the foreign exchange markets. The lowest estimate for the euro for 2010 stands at $1.10 while the highest prediction is currently fixed at $1.56, an astonishing 42 per cent gap."